For more information on how these developments may affect your business, please contact Nicole Bivens Collinson at (202) 730-4956 or via email.
China
During a recent visit to China, National Security Advisor Jake Sullivan said that during discussions with Chinese officials there was “a vigorous give-and-take” on economics and national security, including U.S. restrictions on technology exports to China. “I explained why it is that we feel we have to take some targeted restrictions to ensure that advanced technologies aren’t used against U.S. national security,” Sullivan said. “I explained that our approach is one of derisking, not decoupling, and described in some detail how we saw de-risking in practice. And I also raised our concerns about steps that the PRC has taken with respect to the intersection of economics and national security and the impact that that has had on Western businesses and on supply chains.”
Sullivan added that the U.S.-China relationship “remains a competitive relationship” but that the two sides are working to “responsibly manage that competition” through “very detailed, painstaking, multiple rounds of diplomatic effort.”
European Union
The Office of the U.S. Trade Representative is accepting comments through Oct. 21 on the U.S.-EU Trade and Technology Council Global Trade Challenges Working Group, many of whose activities fall within three broad categories: (1) enhancing inclusive and sustainable bilateral trade in goods and services, including through the use of digital technology, (2) addressing and countering non-market policies and practices that unfairly undermine the competitiveness of U.S. and EU workers and firms, and (3) trade and labor issues.
To help inform future efforts within this working group, USTR is inviting comments on the following.
- how to further improve or expand cooperation on expanding trade in a manner that is mutually beneficial to U.S. and EU stakeholders
- how to expand or enhance cooperation and coordination of existing or new trade tools
- how to use existing tools more effectively to deter and counter non-market policies and practices
- which particular sectors to focus on
- which particular non-market policies and practices are of greatest concern and how they hinder or harm company interests
- how to better address the needs of U.S. and EU workers and businesses
Critical Minerals
The U.S. and Peru recently signed a memorandum of understanding to strengthen bilateral cooperation on critical minerals. According to the State Department, this MOU sets the direction for further collaboration in critical mineral resource sector governance, investment, and global supply chain security.
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